FX News

NZD/AUD Transfer

The New Zealand Dollar (NZD) fell back to 0.9355 (1.0690) midweek against the Australian Dollar (AUD) but regained the edge into Friday clawing back losses to 0.9400 (1.0635). NZ Election tomorrow could excite the cross on next week’s open, a National led govt should spike the kiwi, anything else including adding Winston into the mix and the kiwi could weaken considerably purely on uncertainty. Technically resistance looks decent at 0.9460 the close of late May, with downside moves limited to 0.9320 (1.0730) for now. Looking ahead we have NZ CPI q/q and Australian unemployment data printing.

The current interbank midrate is: NZDAUD 0.9372 AUDNZD 1.0662

The interbank range this week has been: NZDAUD 0.9354- 0.9425 AUDNZD 1.0609- 1.0690







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